All Things Cryptos.Forex.Stocks — 03/31/2018 (Weekly Blog)

Another volatile & happening WEEK comes to an end for the financial markets. Time for some reflection — so let’s get started.

The Crazy Cryptoverse

The #cryptoverse continues to reel with more bad news — following Facebook & Google, Twitter, LinkedIn & Mail-chimp have all banned crypto advertising. This has put further pressure on the the downward spiral in the alt.coins prices. Bitcoin is hanging perilously close to its previous low while other crypto coins have either caved in to the long term support levels or about to do so. To top all of this the regulation talk has intensified further with 5 crypto exchanges shut down in Japan (second largest & most receptive crypto market).

The total market cap of cryptos has slid further this week from $344 billion to $ 265 billion at the time of writing.

RESISTANCE/SUPPORT PRICE LEVELS OF TOP 5 CRYPTOS:

Bitcoin (bearish) — R1: $7800 R2: $9200 S1:$6700 S2: $5800

Ethereum (bearish) — R1: $455 R2: $570 S1:$385 S2: $355

Ripple (bearish) — R1: $0.65 R2: $0.85 S1:$0.30 S2: $0.17

Litecoin (bearish) — R1: $137 R2: $150 S1:$107 S2: $85